7. Manisha deposited 1000 at 5% per annum ofcompound interest for 3 ye

1.	7. Manisha deposited 1000 at 5% per annum ofcompound interest for 3 years with State Bankof India. What will she get back at the expiry ofthe period ?
Answer» Step-by-step EXPLANATION: Hence in this question we have the initial AMOUNT as 1000 rs and the interest rate is 5% per ANNUM interest compounded for 3 years. After one YEAR the amount will be:- 1000 + 5% x 1000 =1050. After 2 years it will be :- 1050 + 5% x 1050 = 1102.5. After 3 years it will be:- 1102.5 + 5% x 1102.5 = 1157.625 which is the answer. Hence she will get 1156.625 rs after the expiration period. Read more on Brainly.in - brainly.in/question/13756776#readmore

7. Manisha deposited 1000 at 5% per annum ofcompound interest for 3 years with State Bankof India. What will she get back at the expiry ofthe period ?

Answer»

Step-by-step EXPLANATION:

Hence in this question we have the initial AMOUNT as 1000 rs and the interest rate is 5% per ANNUM interest compounded for 3 years.

After one YEAR the amount will be:-

1000 + 5% x 1000 =1050.

After 2 years it will be :-

1050 + 5% x 1050 = 1102.5.

After 3 years it will be:-

1102.5 + 5% x 1102.5 = 1157.625 which is the answer.

Hence she will get 1156.625 rs after the expiration period.

Read more on Brainly.in - brainly.in/question/13756776#readmore

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7. Manisha deposited 1000 at 5% per annum ofcompound interest for 3 years with State Bankof India. What will she get back at the expiry ofthe period ?​

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7. Manisha deposited 1000 at 5% per annum ofcompound interest for 3 years with State Bankof India. What will she get back at the expiry ofthe period ?